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The residential real estate market of Miami Beach has cooled off substantially in the past year. However, the market is not crashing. Instead, it is showing some definite signs of stability. Douglas Elliman, a brokerage firm, collaborated with Miller Samuel Real Estate Appraisers & Consultants to study the status of real estate market in Miami Beach. Their study revealed that the market was gaining stability at a fast-paced rate.
Jay Parker’s Views
The CEO of Douglas Elliman, Jay Parker, stated that the Miami Beach real estate market has never gained stability despite recording enormous growth over the past few years. He said that the cooling off is one of the signs of a market that is gaining stability.
The report established that number of homes sold in Miami Beach, particularly in the second quarter of 2016, declined by 25 percent compared to 2015. The downtown Miami and its neighboring suburbs recorded a 12.5 percent decline in home sales. Surprisingly, the percentage sales remained above historical averages.
Since obtaining his license over a decade ago, Samuel Strauch has been offering real estate services in Florida. He is currently a senior staff at the renowned Affinity Realty Group headquartered in Miami. Strauch has overseen transactions in various areas, such as Hollywood, Sunny Isles Beach, Aventura, Miami Beach, and Miami. Due to his exceptional skills as a real estate agent, Strauch has earned high-status ranking from the HomeLight ranks. For instance, the organization ranked Samuel Strauch to be among the top 12 percent of Miami Beach-based agents for selling several homes successfully.
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HomeLight also classified Samuel Strauch as one of the top 16 real estate agents who sell homes quickly. The organization has preserved some of the high-profile transactions that Samuel Strauch has overseen since 2009. Strauch has represented both buyers and sellers in numerous transactions.